Required Information [The following information applies to the questions displayed below.] Antuon Company set the following standard costs for one unit of its product. Direct materials (5.2 Ibs. @ $6.82 per Ib.) Direct labor (1.7 hrs. $12.ee per hr.) Overhead (1.7 hrs. @ $18.5e per hr.) Total standard cost $38.00 28.48 31.45 $81.85 The predetermined overhead rote ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 90.000 Power 15.00 Repairs and maintenance 30,00 Total variable overhead costs Fixed overhead costs Depreciation Building 24,202 Depreciation Machinery 70,000 Taxes and insurance 18,000 Supervision 209.750 Total fixed overhead costs Total overhead costs $15e,eee 321,750 $471,758 The company incurred the following actual costs when it operated at 75% of capacity in October $ 474,320 231,800 Direct materials (76,500 lbs. @ $6.20 per 1b.) Direct labor (19,620 hrs. @ $12.20 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,650 176,150 17.250 34,5ea 24.ee 94,500 16,209 209,75a 614,00 $1,320,100 Required: 1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 35% capacity levels and classify all items listed in the fixed budget os variable or fixed. Required: 1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Amount Total Fixed 65% of 75% of 85% of Cost capacity capacity capacity per Unit Sales (in units) Variable overhead costs $ 0.00 0 0 0 Fixed overhead costs 0 0 0 0 Total overhead costs